25 December 2023
Bangchak Concludes the Year by Achieving the Top 2 Rank S&P Global Corporate Sustainability Assessment (S&P Global CSA) for the Oil & Gas Refinery and Marketing Industry
Bangchak Corporation Public Company Limited has secured the prestigious Top 2 position in global sustainability rankings for the Oil & Gas Refinery and Marketing Industry. The recognition comes from the S&P Global Corporate Sustainability Assessment (S&P Global CSA), the organization responsible for evaluating companies for the Dow Jones Sustainability Indices (DJSI). This accomplishment reaffirms Bangchak's standing as a globally sustainable organization and underscores its commitment to sustainability on an international scale.
Chaiwat Kovavisarach, Group Chief Executive Officer and President, Bangchak Corporation Public Company Limited, said “This year, in addition to being a successful year for Bangchak in expanding business operations to maintain the balance of the Energy Trilemma, it has been another year Bangchak was able to reaffirm its commitment to maintaining the tangible balance between business operations and environmental, social, and governance responsibilities. Bangchak was ranked the Top 2 S&P Global Sustainability leading global company in the Oil & Gas Refinery and Marketing industry from the announcement of the Environmental, Social, Governance & Economic assessment scores by S&P Global, an organization specializing in sustainable investments and the assessor of the Dow Jones Sustainability (DJSI) on 22 December 2023.
Bangchak has participated in S&P Global’s assessment of its sustainable business operations and organizational development for the ninth consecutive year. In 2023, Bangchak received its highest ranking since its participation began, reaffirming Bangchak’s commitment to sustainable business operations and organizational development. This commitment prioritizes environmental conservation, promoting and supporting a better quality of life for society, and conducting business according to corporate governance principles, which have been a part of Bangchak’s DNA for over 40 years of business operations.
“The numerous accolades and awards received by Bangchak in 2023 serve as a source of pride for the company. These recognitions not only validate its strategic initiatives but also serve as a catalyst for continued progress in fostering sustainable business practices. Bangchak Corporation remains steadfast in its mission to deliver long-term value to stakeholders, ensuring resilient business growth, and contributing positively to both the company and society at large,” Chaiwat concluded.